About your Search

20130201
20130209
Search Results 0 to 25 of about 26 (some duplicates have been removed)
respectively. but toyota jumped 2.9% to a new 52 week high. meantime, two energy giants reported strong fourth quarter profits. exxon earnings were 20 cents per share above estimates even though energy production dropped. chevron also had better than expected fourth quarter earnings per share, 24 cents above estimates. it was helped by refining cheaper oil, leading to higher profit margins. chevron shares saw the bigger boost, up 1.2%. exxon gained a fraction. four of the five most actively traded exchange traded funds were up. the s&p 500 volatility note fell more than 5%, as it usually moves in the opposite direction of the market. and that's tonight's market focus. >> tom: despite the rise in the unemployment rate in january, our friday market monitor thinks the u.s. economy is gaining strength. heather brilliant is the global equity research director morningstar. heather is with us from chicago. still tepid job growth here, healther so what gives you confidence that not only is the economy growth but strength is gathering momentum? >> i think there is a lot of improvement on the manufactur
. joining us now with the outlook for energy, alan harry. he's portfolio manager and c.e.o. of the spartan commodity fund. alan, let me first start off by talking to you about home heating oil. we saw prices up this week 3%. what is the trend going forward? >> well, thank you for having me. what i look at right now is short term we're going up a little bit more. longer term we're heading down. two, three weeks we're going to go up just a little bit more. after that, down we go. >> susie: why is that? >> well, i think we're coming to the close of the heating season. we already have an idea of what days we have left of heating. and it's not using up enough. so they've kept a lot in reserve, a lot of speculation coming to the market, and it's not getting used up. two, three weeks we have a great idea of where we will sit heating season wise. after that, down we go displuz for most of the u.s., households use natural gas. they don't use heating oil. and the ones that do are mostly in the northeast. so come march, will their pricees, their home bills be down? >> by the end of march, it will be
, all of which could boost global energy demand. triple-a predicts prices at the pump will keep climbing, topping out somewhere between $3.60 and $3.80 a gallon this spring. but traders say if you want a quick way to know where prices are headed, watch the stock market: >> oil prices look at equity market as a proxy for demand, or future demand. we are at 14,000 in the dow, no coincidence that we are at the highs of the energy market as well. >> reporter: and the higher price of gasoline comes as workers have less take-home pay, because of the expiration of a payroll tax holiday. so will consumers be forced to cut back spending, hurting economic growth, and stock market performance? >> not necessarily, because rising gasoline prices is usually predicated on a weaker dollar or better economic activity. better economic activity would lead to higher earnings. >> reporter: wolfberg says crude prices would have to jump $10 a barrel, or roughly 10%, before there's a major hit to the u.s. economy. erika mille "n.b.r.," new york. >> tom: still aad, the federal resee theatest target a cyber atta
board. 2.2 billion moved on the nasdaq. the materials sector was the weakest, falling 0.9%. the energy and conmer discretionary sectors dropped 0.5% each. dow chemical was in focus among material stocks. it wants to save two and a half billion dollars as it wrestles with weak demand out of europe, and a slowdown in revenues across all its divisions except for its ag business. stripping out the restructuring costs and one-tme items, earnings per share were up from last year, but a penny less than estimates. the steepest revenue drop came in dow's performance materials business, producing solvents and polyurethanes. the stock fell 7% on heavy volume. is is its lest price since late december. while the company is cautious, it said chinese demand is improving, and it sees encouraging trends with its u.s. customers. murphy oil's disappointing outlook hit its stock today, sending shares down from an 11 month high. the stock fell 5.3%. murphy is in the midst of splitting off its oil refining and distribution business in order to concentrate on exploration and production. as darren reported at
. >> there is no reason that the jobs of thousands of americans who work in national security or education or clean energy, not to mention the growth of the entire economy, should be put in jeopardy just because folks in washington couldn't come together to eliminate a few special interest tax loopholes. >> reporter: republicans dismissed the calls for more tax increases, and many argue the threat of the automatic spending cuts known as the sequester are the only way to force democrats to accept more spending cuts. but their leverage may be limited. >> i think we will have the sequester for a short period of time, probably until the first civilian employee of the government is furloughed, which might take about a week. and then, that pain may be enough to cause the people on capitol hill and the president to come to some sort of rational deal. >> reporter: the short-term budget fight comes as the medium-term outlook for federal red ink is improving. the congressional budget office figures the deficit will come in at $845 billion this year, the first deficit under $1 trillion since 2008. that's projected t
under two billion traded on the nasdaq. materials led the sector losers, falling 0.6%. the energy sector slipped 0.5%. chemical maker f.m.c. weighed on the materials sector after failing to impress wall street with its fourth quarter earnings. shares fell 3.4% as volume almost tripled. it could be some profit taking behind the selling, as the stock was at an all time high earlier this week. f.m.c. makes insecticide and hydrogen peroxide. the company's business has been growing thanks to sales in latin america. it has been months in the making but a merger between u.s. airways and american airlines parent company a.m.r., may be getting close to take off, according to the wall street journal. the combination would create the world's largest airline. among the complications: american is in bankruptcy so it's creditors would take a large stake of any combined company. u.s. airways stock was higher on the speculation, rising 3.8%. u.s. airways shareholders would likely get a minority stake if they merge with american airles. stocks of other major air carriers rallied as well. delta air lines
Search Results 0 to 25 of about 26 (some duplicates have been removed)